New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-05
HOW BIG IS THE treasury sURPLUsi

liOW Dl'T ID NE IHcASUN1 SURpLUN
ESTIMATES or REVENUE AND EXPENDITURE II
NECESSARY INCREASE IN APPROPRIATIONS.
wAsHISGroS. Dec. 4 (S0eciah.-A prominent Western
Congressman vino believes in the policy OF nboral appro
prations FOR internal improvements aud national de-
fence to-day said
do not think it worth while to get into panic
the surplus until ascertain how large II Is asl
whether it cannot be wisely and userully expended.
Everybody says that the Government is collecting
800 OuO. 900 year than it needs Now. IL am
nOt msnfOrmcd tho estimates of bY the secre
tary or tho Treasury which will be sent 10 Congress
this week. for tho next fiscal year amount 10 some
Sii00OO00o. Thtt sum includes the estimated postal
revenues, well the revenue, from Customs,
internal taxes The estimates OF expenditures il
the period. | understand, foot about
$3.50 10000. not including deficiencies AMI miscea-
neons expenditures the estimates for which will be sent
iu later and will amount to Sl60oo0OO sl7oO OO0
owing Ia the failure OF the Deficiency bin at the last
son whca passed by the Senate called for
Ss00o.0O0, about onc-.onrh OF which Is Judgment
which the United states paying interest at the rate OF
per cent when could borrow money at hair that rate
necessary II yol add Sl7 900. 900 to s3sj. 900, ,O0)
you have SiD20OD0)O. which wouli leave apparent
surplus o! Sjs 100000 instead OF 500 100000.
Again the appropriations OF last year ,unted TO
some S36l 100000. but you may remember
that besides tho failure provide for the de-
ceacics OF last year. the FOrtihcations bill was
los aud the River and HarDer bill received pocket
veto Tue amsunt o the wObs was apOut rl9.OOO,OOO.
In other wOrls, provision must be made at this session
for lrOn $40 10000 10 $50 OOJ ot expenditure on
account of deficiencies, Rivers and HarbOrs ant Forti
ncdtiOss which were not provided for last year. ia
,ltiOn deccncies for the year. which
estimated at some SsOOO0pO. Therefore II the regular
appropriations 10 not exceed tnsse last which
must do or be wholly nadsquaie the aggre gate
stions VIII amount 10 some $500, 100000. leay
Ing apparent surplus OF only $4,000 100.
" am pretty certain also that the regular approprta-
tiOns-l those for the objects for which
vision maie at the last session-w exceed the ap
Preparations OF last year. and | do not how the
l,.,r - far
h. less than S3j 900 900, that most tho ap-
at Is shame. IL wsuld disgrace any party except
ern nment kept waiting for months aud years owing TO
lack OF appropriations, when the Treasury Is full 10 ever.
and the Secretary VI the Treasury Is compelled
10 buy bonds AT high premium to prevent
financial crash II Is shaiue, too. that Win u
surplus In the Treasury, no provision Whatever
snoud made for the protection Of our seaboard ctiss
ana that wsrg on important internal improvements
should be suspended for want sf innds TO the great
detrment OF the work already dsne. WAY. man VINO
Is thoroughly familiar with the Mississippi River m-
informed recently that t Will cast nearly
~ Isuch has bsen already expended To restore tho
Improvement at Lake Providence Reach. ono or the
important the river, to COED condition as it
was when work suspended. | am thoroughly dis
gusfed with the penny wise pound foolish poncy or ne
Administration and the Democratic majority in the